The Decline of Rock Parallels the Decline of America
Jemele Hill: Trump Attacked Iran Because He's Jealous of Obama's Nuke Deal
CNN's Van Jones Had the Perfect Line to Describe the NY Socialist Takeover...
Minimum Wage Fail
Dysphoria and Dysfunction Are Displayed, From Reflecting Pool Algae Distemper to Disturbin...
If Citizens Lose Faith in Elections, Accountability Dies
World Cracking Down on Immigration Abuse, a Decade After 'Fact-Checks' Called Trump Claim...
Leadership 101
One Small Step for School Choice
RFK Is the Furthest Thing From 'Checked Out’
The Vanishing Conservative Supreme Court
A Green Card Isn't a Get-Out-of-Jail-Free Card
When Did Citizenship Become Optional at the Ballot Box?
Paris Betrays Its Own Ideals
El-Sayed’s Plan to Raise Prescription Drug Prices
Tipsheet

Zuckerberg Loses $15 Billion in 2018...Still Has At Least $60 Billion More

Zuckerberg Loses $15 Billion in 2018...Still Has At Least $60 Billion More

"Brother, I'm a dollar away from 50 cents myself," a homeless man in Atlanta unsolicitedly advised I say in case any "bum" asked me for money. Of course, I had to give him a few bucks after that one-liner. Most people often lose large chunks of change for a variety of reasons and do find themselves in the red. But for Facebook founder Mark Zuckerberg, he'd have to lose more than 5 times the amount of money he lost in 2018 to find himself in that situation.

Advertisement

According to Time Magazine, Zuckerberg lost $15 billion in 2018, more than any of the other top 500 richest people in the entire world. 

Via Time:

Mired in controversy throughout the year, Zuckerberg’s net worth started at around $75 billion on January 2, and he’s set to finish at least $15 billion less when the year comes to a close — a greater loss than any of the other 499richest people in the world.

The Facebook founder’s 13% stake in the company makes up almost all of his fortune. Accusations of the platform’s role in Russian election interference and the mass genocide in Rohingya put a closer eye on Facebook, and the unraveling revelations of data breaches and unsavory practices at the executive level that followed led to a number of stock price drops. As the person holding the reins for the entire operation, Zuckerberg has been held accountable personally and — as the chart below shows — financially.

Advertisement
The article continues, explaining how a variety of security concerns relating to Facebook's protection of user data led to major hits in investor and advertisers confidence in Zuckerberg and the social media site. 

But, the Harvard drop out needs not to worry in case he does lose all of his money. He still has hundreds of millions in property and other assets to fall back on. 

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement